74 Actions to Take For the Earnings Shakeout

Keep your eyes on the earnings lines

If Monday’s trading action is any kind of indication for what’s to come, we should be prepared for some additional near-term bumpiness. Investors have finally figured out that the S&P 500’s earnings are expected to stall to barely a 2% annual pace, so we’re seeing a flight to quality stocks. The first few weeks of earnings season are crucial, and we’ll likely see a lot of changes in my Portfolio Grader stock rating system. When a company reports earnings, I import the latest financial results; the new data have a big impact on each stock’s Fundamental Grade. So I strongly recommend that you to continue running your stocks through Portfolio Grader; you can do this quickly and easily by saving your portfolio to the system.

In the meantime, we’re seeing plenty of upgrades and downgrades among Wall Street’s most popular stocks. So let’s look at the 74 big blue chips that have been upgraded and downgraded this weekend. After taking a close look at the latest data on institutional buying pressure and each company’s fundamental health, I decided to revise my Portfolio Grader recommendations for each of the stocks listed below.